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With Pete Miller Behind it, Distribution NOW Needs to Be on Your Radar

Former National Oilwell Varco CEO Pete Miller will take the reigns as chairman of Distribution NOW, which could mean good times ahead for this NOV spin-off.

By Tyler Crowe and Joel South – Jun 5, 2014 at 4:17PM EST

If you are a fan of National Oilwell Varco (NOV +0.19%), then you are going to love its new spin-off Distribution NOW (DNOW 2.12%). Not only do investors get a truly unique investing opportunity in the oil and gas space, it will be under the guidance of NOV's former CEO Pete Miller who oversaw the transformation of NOV into the ubiquitous oilfield equipment manufacturer it is today. While it may not be a high margin opportunity as other oil services companies, but the opportunity that lies ahead more than makes up for it.

Find out why Fool.com energy bureau chief Joel South and fool.com contributor Tyler Crowe find Distribution NOW to be something worth putting on an investors radar screen by tuning into the video below.

 

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About the Author

Tyler Crowe
Tyler Crowe is a contributing Stock Market Analyst for The Motley Fool. He has worn several hats over the past 14 years with the Fool from analyzing stocks, writing about them, talking about them, coaching others about stock writing, and...you get the idea. Tyler's true passion is turing over stones to find the oddball investments with incredible wealth building potential. If he isn't nose-deep in a proxy statement, Tyler is probably skiing somewhere. Tyler holds an M.B.A. from Collège des Ingénieurs (Paris), a, M.S. in Environmental Engineering, a B.S. in Civil Engineering, and a B.S. in Foreign Affairs from the University of New Hampshire.
TMFTylerMCrowe

Stocks Mentioned

NOV Stock Quote
NOV
NYSE: NOV
$18.63
(+0.19%)+$0.04
NOW Stock Quote
NOW
NYSE: DNOW
$11.55
(-2.12%)-$0.25

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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